Accor’s Optimistic Outlook
- Marriott Vacations missed expectations with their 4Q report, primarily due to their exchange and rental businesses as their core VOI business outperformed.
- Chatham Lodging Trust reported an in-line 4Q for EBITDA. They did not give 2023 guidance.
- Accor reported good results and forecast higher RevPAR for 2023, very optimistic due to the return of the Chinese traveler.
The DJIA was up 109 points, Nasdaq was up 83, the S&P 500 rose 21 points, the 10-year treasury yield was down .04 to 3.88% and lodging stocks for the most part were mixed. MCG was the biggest mover, up 7% while SOND was the biggest decliner, down -6. SLNA traded down to another new low. Marriott Vacations missed expectations with their 4Q report, […]